AXP · News · 20260903N

Revenue Performance and Mix

AMERICAN EXPRESS CO · 2026-09-03 · Importance 62 · Surprise 22

American Express reported second-quarter revenue of $19.64 billion, up 10% year over year. Second-quarter EPS was $4.53, exceeding analyst estimates. The company reaffirmed fiscal 2026 revenue-growth guidance of 9% to 10% and EPS guidance of $17.30 to $17.90. Card fee revenue reportedly increased at a double-digit rate for the 32nd consecutive quarter, while 70% of new accounts were annual-fee products and Millennials and Gen Z represented 65% of new U.S. consumer accounts.

Key facts

• American Express's card fee revenue has grown double digits for 32 consecutive quarters. source
• 70% of new American Express accounts are on annual-fee products. source